MSWG cautions retail investors of risks in taking on institutional investors

MSWG cautions retail investors of risks in taking on institutional investors
29 Jan 2021 / 17:48 H.
KUALA LUMPUR: The Minority Shareholders Watch Group (MSWG) has cautioned minority shareholders to exercise diligence and understand the risks involved when taking on institutional investors who short certain shares.
MSWG noted that in ‘bursabets’ -- a new subreddit on social news aggregator site Reddit -- Malaysian retail investors have been discussing buying up stocks of glove makers as the share prices have fallen in recent months despite these firms reporting increasing profits.
“The retail investors are looking to buy shares of medical glove makers in an attempt to drive up their prices and counter the short sellers who tend to drive the prices down. In short, they are inspired by the recent David vs Goliath battle in US firm GameStop Corp,” it said in a statement today.

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